LPL Financial Holdings Inc Hits New 52-Week High at $47.64 (LPLA)
Shares of LPL Financial Holdings (NASDAQ:LPLA) hit a new 52-week high during trading hours on Friday, Analyst Ratings.Net reports. The company traded as high as $47.64 and last traded at $47.54, with a volume of 368,520 shares trading hands. The stock had previously closed at $47.08.
LPLA has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of LPL Financial Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $45.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of LPL Financial Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. LPL Financial Holdings has a consensus rating of “Hold” and an average target price of $43.71.
In other LPL Financial Holdings news, Director James Putnam sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.00, for a total transaction of $1,380,000.00. Following the completion of the sale, the director now directly owns 164,280 shares in the company, valued at approximately $7,556,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
LPL Financial Holdings has a one year low of $29.07 and a one year high of $47.53. The stock’s 50-day moving average is $44.20 and its 200-day moving average is $39.95. The company has a market cap of $4.956 billion and a P/E ratio of 28.71.
LPL Financial Holdings (NASDAQ:LPLA) last announced its earnings results on Wednesday, October 30th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis.
LPL Financial Holdings Inc, formerly LPL Investment Holdings Inc, is a holding company. The Company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (NASDAQ:LPLA) in the United States of America.
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